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If you look at the appeal that Silicon Valley has to a lot of us, and to a lot of pub­lic insti­tu­tions espe­cial­ly, I think you can under­stand that the rea­son for that appeal is very sim­ple. They can offer ser­vices that work, that work in a very effec­tive man­ner, and that are offered more or less either very cheap or are most­ly offered for free.

In Europe, there are about fifty‐odd coun­tries, and about 725 mil­lion peo­ple. That’s about the pop­u­la­tion of Europe at the moment. What’s the largest coun­try in Europe in terms of pop­u­la­tion? Russia is. Russia has about 144 mil­lion, 145 mil­lion. But Nigeria has more than 170 mil­lion, and there are only about 40% of Nigerians who are con­nect­ed.